Corporate Boards (Diversity) Debate

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Corporate Boards (Diversity)

Richard Fuller Excerpts
Wednesday 28th October 2015

(8 years, 6 months ago)

Commons Chamber
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Anna Soubry Portrait Anna Soubry
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I do not want more regulation. The hon. Gentleman would expect me, as a BIS Minister, to say that. However, he is absolutely right. If people do not look at their own institution, business or whatever to make this analysis—in my chambers, for example, we would look at our stats and our figures—then how do they know when there is a problem and where it might be? It is necessary for businesses to look at this.

The hon. Gentleman made some very powerful points. He had three asks. I hope he will forgive me if this sounds a bit wet, but I would like to not only take this away with me, but, most importantly, to meet him and the key players to look at it and advance it. The Secretary of State is from a particular background, and is no doubt the first person from that background in that role, so he will certainly have an interest in this, especially as he has a business background, as did his family.

Richard Fuller Portrait Richard Fuller (Bedford) (Con)
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In his speech at the Conservative party conference, the Prime Minister gave a very clear direction that he wanted change so that people could overcome issues about their names and so on. I am worried about who we can point to as examples for seven, eight, nine and 10-year-olds, and teenagers, in school in my constituency. That point was made by the hon. Member for Streatham (Mr Umunna). I am hearing very positive words from the Minister, but there has to be a bit more action. The hon. Gentleman said that there has been a mixture of carrot and stick. When the Minister has finished having her conversations and looking at the information, will she at least, short of quotas and regulation, look at what sticks can be used if progress is not made?

Anna Soubry Portrait Anna Soubry
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My hon. Friend has known me for long enough to know that I do not shy away from things. I am more than happy to look at the kinds of sticks that can be put in place to encourage action now. We are not going to wait for those 10-year-olds to get up to these levels; we have to sort it out now. I know, as a woman, that when somebody has “made it” they can become an incredibly powerful force.